AngelList received the largest amount in history for investing in startups at an early stage
AngelList is a crowdfunding platform that helps startups to find potential investors. Now, the platform has another $ 400 million that can be invested in startups.
The funds were invested by the CSC Global Fund, the American division of China China Science and Merchants Investment Management Group ( CSC Group ). According to CSC Global president Veronica Wu, the CSC Group manages funds in the amount of $ 12 billion.
She also adds that CSC Group is planning to become the largest private equity company in the world. Wu states that investing in AngelList is just the beginning. Further, CSC Global plans to invest large sums in the company at all stages - from seed to pre-IPO.
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Until now, in the history of venture investment, no one has ever allocated such a large amount of funds to finance projects at an early stage. Moreover, this is the biggest investment of a Chinese private company in an American fund. According to AngelList founder Nabal Ravikanta, more than 1,000 startups can be invested at $ 400 billion at an early stage, writes The Wall Street Journal.
Earlier, AngelList held $ 205 million.
Startups on the platform are rated by 165 different business angels. Each of them oversees its own group of investors. Therefore, it will depend on the decision of one business angel whether the startup will receive investments from the whole group.
But now investors from CSC can move from one such group to another and make decisions about investing startups on their own. Thus, startups will be able to receive funds faster, and AngelList will have the opportunity to invest even more young projects.
The founder of AngelList said that he would let the amount received in the "case" in parts. This year, start-ups in the early stages will receive $ 20 million. Each subsequent year, this amount will be $ 50 million.
The funds were invested by the CSC Global Fund, the American division of China China Science and Merchants Investment Management Group ( CSC Group ). According to CSC Global president Veronica Wu, the CSC Group manages funds in the amount of $ 12 billion.
She also adds that CSC Group is planning to become the largest private equity company in the world. Wu states that investing in AngelList is just the beginning. Further, CSC Global plans to invest large sums in the company at all stages - from seed to pre-IPO.
')
Until now, in the history of venture investment, no one has ever allocated such a large amount of funds to finance projects at an early stage. Moreover, this is the biggest investment of a Chinese private company in an American fund. According to AngelList founder Nabal Ravikanta, more than 1,000 startups can be invested at $ 400 billion at an early stage, writes The Wall Street Journal.
Earlier, AngelList held $ 205 million.
Startups on the platform are rated by 165 different business angels. Each of them oversees its own group of investors. Therefore, it will depend on the decision of one business angel whether the startup will receive investments from the whole group.
But now investors from CSC can move from one such group to another and make decisions about investing startups on their own. Thus, startups will be able to receive funds faster, and AngelList will have the opportunity to invest even more young projects.
The founder of AngelList said that he would let the amount received in the "case" in parts. This year, start-ups in the early stages will receive $ 20 million. Each subsequent year, this amount will be $ 50 million.
Source: https://habr.com/ru/post/295262/
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